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Albion Place, Sunderland, SR1 - Image 1
Albion Place, Sunderland, SR1 - Image 2
Albion Place, Sunderland, SR1 - Image 3
Albion Place, Sunderland, SR1 - Image 4
Albion Place, Sunderland, SR1 - Image 5

Albion Place, Sunderland, SR1

North East

£140,000
Listed on 31/05/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This Grade II Listed property spans four floors and has a rich history, previously accommodating both office spaces and two distinct restaurant and bar venues. With its strategic location in the heart of the city center, this building presents substantial potential for redevelopment, making it ideal for investors or developers looking to capitalize on its versatility. Retaining its former uses as eateries or transitioning towards residential units could be viable options, subject to obtaining the necessary planning approvals. The property benefits from close proximity to the main University City campus, offering an appealing appeal for student housing or commercial enterprises catering to the university community. Additionally, residents will enjoy convenient access to essential amenities, including a nearby Metro station and Park Lane bus terminus, alongside a plethora of shopping facilities just a stone's throw away. Utilities such as gas, electricity, and water are readily available at the site, streamlining the process when considering renovation plans. Notably, there have been no previous redevelopment applications submitted, providing prospective buyers with a blank canvas to explore innovative designs that align with current market demands. The combination of usable space and prime central location underscores the property's unique investment potential in an area known for its vibrant atmosphere and economic activity.

Investment Analysis

(SR1 area)
Area Average
£71/sq ft
Avg Rent (weekly)
£152
Avg Yield
12.0%

Renovation Potential

Est. Renovation Cost
£14,000 - £35,000
10-25% of property value
Monthly Sales
8
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (SR1)

Area prices are falling by +34.2% over the last 12 months
3 year growth: -57.1%
5 year growth: -27.5%
Investment Disclaimer: Analysis based on SR1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Albion Place, Sunderland, SR1
Map showing location of Albion Place, Sunderland, SR1
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